The number of public real estate auctions conducted by enforcement courts in Saudi Arabia over the past three years has reached approximately 495, accounting for 65% of the total 322 auctions held, According to press reports, the Riyadh region accounted for 45% of the total auctions, followed by the enforcement courts in the Al-Qassim region, then the Makkah region.
110 Real Estate Auctions in the Previous Hijri Year
Previous reports had indicated that the number of public auctions conducted by enforcement courts in the Kingdom during the past Hijri year reached 110, with “Commercial real estate accounts for about 55 percent of these.
Sources confirmed that approximately 75% of these auctions exceeded millions of riyals in value. The source noted that courts in the Riyadh region accounted for 60% of the total public auctions, followed by the enforcement courts in the Al-Qassim region, and then the Makkah region.
In addition, the Ministry of Justice has made available through its online portal and mobile app the services Inquire About an Enforcement Request using the request number, and inquire about an enforcement request using the ID number, with the aim of making it easier for beneficiaries and eliminating the need for them to visit enforcement courts to check the status of their requests. The Ministry clarified that beneficiaries of the "Enforcement Request Inquiry“ service can log in via the Ministry of Justice’s official smartphone app, then navigate to the ”Enforcement Services" icon, select the service, and enter the required information (application number, type of inquirer—"individual, institution, or company"—and ID type and number).
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Points Regarding Auctions Conducted by Enforcement Courts
The number of public real estate auctions over the past three years has reached approximately 495.
The percentage of real estate auctions conducted was 65% real estate auctions.
The total number of auctions conducted was 322.
The Riyadh region accounted for 45 percent of the total auctions over the past three years.
During the previous Hijri year, 110 auctions were held.
Commercial real estate accounted for approximately 55 percent of these.
75 percent of these auctions exceeded millions of riyals in value.
Courts in the Riyadh region accounted for 60% of the total public auctions during the previous Hijri year.
The enforcement courts in the Al-Qassim region ranked second, followed by the Makkah region.
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